Blanket purchase order - Study guides, Class notes & Summaries

Outsourcing - Transferring a firm's activities that have traditionally been internal to external suppliers Vendor-managed inventory - a system in which a supplier maintains material for the buyer, often delivering directly to the buyer's using department. Postponement - Delaying any modifications or customization to a product as long as possible in the production process. The concept is to minimize internal variety while maximizing external variety. Blanket order - A long-term purchase c...

CON 2370 Simplified Acquisition Procedures Latest Update Graded A You are the buyer for a construction requirement with an estimated value of $75,000. A notice of the proposed contract action is required.Which one of the following solicitation methods must be used? Written Solicitation Which one of the following statements is true regarding the policies for the use of simplified acquisition procedures (SAP)? NOT Award documenation must be extensive and detailed You have a requirement for a ne...

Florida Real Estate STATE exam Questions and Answers 100% Pass The best protection that the public has during a Real Estate transaction is (are) A. The national and state association of REALTORS B. The punishment of licensees dealing dishonesty C. the high ethical standards of real estate agents D. FREC and the license law D. FREC and the license law A group license A. allows a broker to have a branch office B. allows a sales associate to work for more than one broker C. may be held by a...

Wrongful or criminal deception intended to result in financial or personal gain is called: - Answer- fraud The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: - Answer- 90 days __________ extend above the surface without limitation. - Answer- air rights An example(s) of an appurtenance would be: - Answer- easements There is no upper limit on the value of a Texas homestead. - Answer- true A(n) __________ is one that combines some of ...

Louisiana Life and Health Insurance Exam Verified Answers A 55-year-old employee has worked part-time for his new employer for 3 months now, but has not been offered health insurance. What factor has limited the employee's eligibility? A. The total amount of time worked for the company B. Age C. Income D. Number of hours worked per week ️D. Number of hours worked per week In order to be eligible for group health insurance through an employer, an employee must typically work fu...

CON 237 DAU QUESTIONS AND ANSWERS 100% PASS When making a commercial purchase, if an in-process inspection is not a customary practice in the commercial marketplace, the contracting officer? A. Should conduct an in-process inspection at the Program manager's request C. Should not conduct an in-process inspection D. Should conduct an in-process inspection if the Quality Assurance Rep attends The competition requirement for micro-purchases is: C. There is no formal requirement for competition ...

Certified Parks and Recreation Professional (CPRP) Exam 2024 REAL ACTUAL EXAM (ALL SOLVED SOLUTIONS). What are the minimum and maximum levels of maintenance standards for Parks and Recreation? Minimum level: Maintain area so it is safe Maximum level: Maximum occupant safety and comfort & a sensation of well-being Routine Maintenance Preserve or improve the appearance of a facility or equipment. Less frequent than housekeeping activities, vary by season and user preference. May be completed...

Bullwhip effect - ️️Information (orders) going back through the supply chain are distorted and amplified How to improve the supply chain - ️️Communication and cooperation, and shorten lead times (allows faster response) On-shoring - ️️Local production near demand; reduces costs, length of lead times, and variability of lead times; easier to identify local needs; lead to the perception of keeping jobs local Supply Chain - ️️A network of facilities that procure raw materia...

Con 237 V1 Questions and Answers Already Passed 1) You have a requirement for specific telecommunications components. A single telecommunications manufacturer provides these components to the general public. The estimated cost of these components is $145,000. Simplified acquisition procedures can be used. You have a request to buy 30 units of commercially available machining equipment. Each unit will cost approximately $300,000 SAP cannot be used. You should use SAP when The estimated value o...

CON 237 Simplified Acquisition Procedures Questions with Verified Answers You have a request to purchase 1,500 commercially available sheds, one for each family housing unit. Each shed will cost $1,500 (total of $2.25 million). ? Choose from the remaining answers below: -Simplified acquisition procedures can be used ONLY if the contracting officer requests a request for proposals (RFP). -Simplified acquisition procedures can be used. What is the preferred method of solicitation for requirement...